- STAFF PICKS
- GIFTS + GIFT CARDS
- SELL BOOKS
- FIND A STORE
Ships in 1 to 3 days
available for shipping or prepaid pickup only
Available for In-store Pickup
in 7 to 12 days
Breakout Nations (12 Edition)by Ruchir Sharma
Synopses & ReviewsPlease note that used books may not include additional media (study guides, CDs, DVDs, solutions manuals, etc.) as described in the publisher comments.
To identify the economic stars of the future we should abandon the habit of extrapolating from the recent past and lumping wildly diverse countries together. We need to remember that sustained economic success is a rare phenomenon.
As an era of easy money and easy growth comes to a close, China in particular will cool down. Other major players including Brazil, Russia, and India face their own daunting challenges and inflated expectations. The new "breakout nations" will probably spring from the margins, even from the shadows. Ruchir Sharma, one of the world's largest investors in emerging markets for Morgan Stanley, here identifies which are most likely to leap ahead and why.
After two decades spent traveling the globe tracking the progress of developing countries, Sharma has produced a book full of surprises: why the overpriced cocktails in Rio are a sign of revival in Detroit; how the threat of the "population bomb" came to be seen as a competitive advantage; how an industrial revolution in Asia is redefining what manufacturing can do for a modern economy; and how the coming shakeout in the big emerging markets could shift the spotlight back to the West, especially American technology and German manufacturing.
What emerges is a clear picture of the shifting balance of global economic power and how it plays out for emerging nations and for the West. In a captivating exploration studded with vignettes, Sharma reveals his rules on how to spot economic success stories. Breakout Nations is a rollicking education for anyone looking to understand where the future will happen.
"Sharma, the head of Morgan Stanley's Emerging Markets division, takes readers on a lively tour across five continents as he explores the factors behind the next economic powerhouses. Analyzing a smorgasbord of indicators — from income levels, to the number of billionaires in a country, to the pronouncements of local politicians — Sharma stresses that the nations poised to be the next big thing in the global marketplace are not the just usual suspects like China, Russia, and India. Instead, they are smaller countries that are making quiet, unheralded progress before the rest of the world catches on. The Czech Republic and Poland benefit from low levels of debt, strong political systems, and conservative businesses communities, as does South Korea, a perennial innovator. Turkey gets a nod for its efforts to bring its poorer areas in line with wealthier urban enclaves, and others like Indonesia and Nigeria have notable potential. But Sharma also offers cautionary advice, courtesy of former Bank of England adviser Charles Goodhart's law: 'once an economic indicator gets too popular, it loses its predictive value.' Accessible to newbies and revelatory for veterans, Sharma's observations upend conventional wisdom regarding what it takes to succeed in the relentlessly competitive global marketplace. Photos & maps. (Apr.)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
An expert on global markets offers a jargon-free tour through the new landscape for emerging economies.
International Bestseller One of "21 Books to Read in 2012" A Top 10 Business Book After a decade of rapid growth, the world's most celebrated emerging markets are poised to slow down. Which countries will rise to challenge them?
One of Foreign Policy's "21 Books to Read in 2012"
A Publishers Weekly Top 10 Business Book
After a decade of rapid growth, the world’s most celebrated emerging markets are poised to slow down. Which countries will rise to challenge them?
Today, despite crisis in the West, conventional wisdom holds that the rising nations of the South and East will continue to grow at a blistering pace. Ruchir Sharma, a longtime columnist and investor in emerging markets, shows that the global boom of the last decade was a freak event and that the hype surrounding China and other market darling sis just that.
In Breakout Nations, Sharma tours the world, showing how the end of easy money and the collapse of oil mania will reshape the global economy, slowing the most celebrated emerging markets of the last decade while leaving new stars poised to rise. As he explores the fundamental weaknesses of China, Russia, and Brazil--and the hidden strengths of markets like Nigeria, Indonesia, and Poland--he reveals his wonderfully clear rules for economic success. Breakout Nations is a rollicking education for anyone looking to understand where the future will happen.
About the Author
Ruchir Sharma is the head of emerging markets at Morgan Stanley and a longtime columnist for Newsweek, the Wall Street Journal, and the Economic Times of India. He lives in New York City.
What Our Readers Are Saying
Other books you might like
Business » General